#非农就业数据将公布# Bitcoin is approaching 100,000 USD! Will tonight's US Non-farm Payrolls (NFP) ignite a new round of big pump?

The steady release of the latest GDP data from the United States has injected confidence into the market, alleviating short-term risks of the economy falling into recession. The market is clearly more focused on data-driven signals. Tonight's US Non-farm Payrolls (NFP) data has become the current focal point, with market expectations that the unemployment rate will remain stable, although there are viewpoints suggesting that the unemployment rate may inch up slightly. If the employment data performs well, it will further consolidate the upward momentum of risk assets, pushing Bitcoin to higher levels; if the data is disappointing, it may trigger a market correction.
On-chain data shows that the trading turnover rate of Bitcoin has increased in the past 24 hours, but still remains within a normal range, reflecting rational market sentiment. Short-term profit-taking players are dominant, while long-term holders continue to hold their ground. The $92,000 to $97,000 range remains a key area of concentrated holdings, but the price rise has not been accompanied by a significant increase in trading volume, indicating that liquidity has not undergone a structural change. The current upward trend may be more driven by the performance of tech stocks in the US stock market, rather than the intrinsic momentum of the Bitcoin market.
Bitcoin's linkage with the S&P 500 and Nasdaq remains significant, especially against the backdrop of tech stocks. The S&P 500 still has 6.3% upside from its pre-tariff peak on Feb. 25, and the S&P 500 is poised to return to its highs if the macro environment remains favorable and Trump's tariffs do not further disrupt the market.
Given that Bitcoin usually amplifies the rise of the US stock market, a BTC rise of 6% to 8% corresponds to a price of $100,000 to $106,000, which is somewhat feasible.
In addition, the proposal in Arizona regarding Bitcoin strategic reserves may become a new catalyst for a big pump. If this proposal is implemented, it will inject new institutional funds into the Bitcoin market, further pushing up the price. The policy direction of the Federal Reserve, Trump's tariffs and tax reduction plans, and other macro factors will still impact the market. #BTC# #ETH# #GT# #PEPE#